Introducing $LEO
LEO is a layer 2 token on Hive. It is one of the major reward tokens in the platform in addition to HIVE and HBD. It also has staking feature which allows holders to earn either active or passive income from.
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LEO when staked is called Leo Power and users who have it will be able to curate contents and earn rewards through it.
The higher Leo Power an account has, the higher the value and weight its vote will be when curating which basically means it will have more share from the rewards pool. This is the active way to earn more LEO.
LEO Power (staked LEO) can also be a source of passive income when delegated to other curator accounts which share the curation rewards to its delegators in the form of LEO tokens. This is good especially when one has limited time to do manual curation. There's 5 days cooldown period when undelegating Leo Power by the way.
Unstaking LEO
This will take 28 days, in 4 transactions to complete.
When unstaking 20k Leo Power for instance, 5k LEO will be released as liquid to one's wallet every 7 days for 4 consecutive weeks.
LEO Tokenomics
At the time of this writing, almost 74% of the total LEO supply has been powered up and about 17% are on Liquidity Pools and only a little over 9% is kept liquid.
With such statistics, a market capitalization of just above $600k, and the price at 5 cents, I can say it is truly an undervalued gem on Hive.
LEO as a token on the Hive Blockchain
LeoFinance being one of the most active community on Hive makes LEO an attractive token to hold (as liquid but more so as Leo Power). It has seen a price of over $1 in the previous year and with all the developments in the works and all others mapped or planned, we can only imagine it's an asset that one wouldn't want to miss.
Real revenue model you say?
Yep! LeoAds revenues for instance will be used to buy back LEO from the market then distributed to stakeholders in the form of Leo Power.
In addition, LEO has other markets outside of Hive too. It can be invested off chain by wrapping it through the Multi-Token Bridge and onto the DeFi farms on Polygon and on BSC networks and earn yields.
On-chain, there are LEO is also one of the most active assets in the Diesel Pools and being paired with over 2 million HIVE (Swap.Hive), it certainly is helping to add more liquidity in the internal market.
LEO Miners (LEOM and LEOMM)
These are income or miner tokens issued by LeoFinance in its early days (steemleo). Holding and staking these will give you passive LEO income daily.
You don't need to curate or do anything else to earn. Just stake your LEO miners and you will just receive your daily earnings to your wallet. This is one of the differences between LEO (staked as Leo Power) and the LEO Miners. With Leo Power, either you actively curate, follow a curation trail or delegate it to someone who will do the curating for you. LEO miners are stake and forget tokens.
It has a fixed supply of 150k and also a fixed percentage of the total LEO inflation. The downside is that it has very low (to almost no) liquidity in the market because not many are selling. I can only speculate that the income from it is good, hence no one is letting their miners go.
My Strategies in Growing My Leo Stakes
Staying active on LeoFinance frontend especially on Threads -- curating, engaging and posting microblogs there. I can say it's one of the best channels where I get rewarded with LEO (both author and curation).
Buying LEO from the LeoDex. Apart from earning LEO as rewards from engagements and posts, I also occasionally buy some from the market and then power them up from time to time and on LPUD.
Delegating Hive Power to @leo.voter and earning LEO daily as my rewards. This is the most passive way for me to accumulate the token.
Manually curating LeoFinance contents and making sure my voting mana doesn't go below 80% during the 24-hour period. I read somewhere that keeping above 80-90% will allow us to earn better curation rewards.
Participating in writing prompts like this by the LEO&HODL community where LEO is the main prize tokens for the winning entries.
Joining Leo Power Up Day and writing about it for the chance of being curated and perhaps win any of the LP delegation prizes. As a matter of fact, my account won one of the 20k Leo Power delegations on last month's LPUD draw and I'm currently using it spreading LEO love mostly on threads and some long-form contents too.
Of course, as I increase my Leo Power, my curation rewards also get a little higher. I have not sold any LEO ever since and I just keep staking them as part of my goal to keep growing my Leo Power.
Personal Thoughts
I could say that being active onchain is the most effective ways to learn and likewise earn. Chances are you will be noticed by LEO whales and others who tend to upvote posts and threads at various times of the day. But of course, if your posts or threads won't get curated, don't get dismayed, just keep going and have fun with your activities on the blockchain.
Leo Finance is a true BUIDLer and a home for diamond paws so when you stick long enough, you will be motivated and inspired to make a goal of growing your stakes too for the long term and perhaps dream to be one of those who will smile in the years to come when the LeoVerse rocket takes off.
Per Khal's thread above, the LEO Dev team is working towards full decentralization and automation of things. I'm absolutely excited, are you?
Lead image created on Canva. 091222/02:30ph